What's Pushing Up The Price Of Oil?05:44
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A pumpjack  sits on the outskirts of town at dawn in the Permian Basin oil field on January 21, 2016 in the oil town of Midland, Texas. (Spencer Platt/Getty Images)
A pumpjack sits on the outskirts of town at dawn in the Permian Basin oil field on January 21, 2016 in the oil town of Midland, Texas. (Spencer Platt/Getty Images)
This article is more than 1 year old.

The price of oil has been climbing recently, despite record-high U.S. production this year.

Here & Now's Jeremy Hobson talks to Phil Flynn (@EnergyPhilFlynn), an energy market analyst at Price Futures Group, about what's causing oil prices to go up.

This segment aired on May 4, 2018.

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